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/biz/ - Business & Finance

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58093725 No.58093725 [Reply] [Original]

>The central point of the bank's estimated production cost range is currently around $26,500, which would mechanically double to $53,000 post-halving.
how many of you are retarded enough to pay more than the cost of mining bitcoin? keep in mind this is a post-halving projection and it hasn't even happened yet.
read the green text again. people are currently paying more than double the price for bitcoin pre-halving.
$66,400+ at the time this is posted.

>> No.58093746
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58093746

>long nose tribe says rock 26k
>not many rock left
>long nose tribe told me rock 100k soon 3 years ago
>long nose tribe might need fire

>> No.58093752

>>58093725

Recall it was like 4K blocks to halving.

~ (2.5K BTC in block incentives + 300 BTC in txn fees) left to mine till halving.

That's really not a lot of projected supply hitting the market at current costs.

Have to factor in risk premia for miners + ASIC depreciation

So yeah I think its somewhat okay to be buying at current marks

>> No.58093756

>>58093725
Except buttconn's value isn't just dependent on it's use as a store of value.
It guarantees access into all crypto markets.
Network effects or something

>> No.58093782
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58093782

>>58093752
>end bell curve
>>58093756
>start bell curve
Kek wagmi

>> No.58093789

>>58093725
It’s not. It’s around 40k. A lot of these miners have capital loans and not ideal electrical costs. One of the weaknesses of cheap electricity is a shit power grid, so it’s not as easy as chasing 5/kwh gains. You also have to be in an area with a stable grid and Internet and in the US that is way harder than you think. Plus a lot of miners run in Asia, for this reason. Their power costs are atrociously high. They also can’t just dump their token share onto the network without shocking it. This leads to a lot of surplus against a iffy demand. The only two area in the US with this kind of nexus under 10c an hour is WA and OK. And that’s been established years ago

>> No.58093806
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58093806

>>58093789
listen i don't know about this bullshit about electricity costs and stuff and maybe i got too high off my own supply of spurdo erc (ticker

>> No.58093808

>>58093746
>grug hasn't developed a large ethmoid bone to house cryptocrhomes
>ngmi

>> No.58093814
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58093814

>>58093808
>long nose tribe sell grug metal rock
>why?
>grug have big stick

>> No.58093823

how much does it cost to produce ltc anyway?
I heard likes over $400 now